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Solana Jumps About 8% to $209 as Technicals Firm and Institutions Step In

Prediction markets alongside institutional signals point to building momentum.

Mapping Solana's road ahead as smart money bets $24 mln on SOL
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Overview

  • SOL outperformed major tokens with a roughly 7–8% single‑day gain to around $208–$209, according to CoinDesk data.
  • Trend gauges strengthened, with ADX near 28 and RSI near 60, while 50‑ and 200‑day EMAs sit below price; key levels are ~$200 support, ~$210 resistance, and a $220–$240 target zone.
  • On Myriad, odds of a new SOL all‑time high in 2025 climbed to roughly 48–50%, and traders give a 71% chance of $250 before $130.
  • Institutional footprints expanded as Chorus One, with Delphi Consulting, launched an institutional‑grade Solana validator, and Sentora estimates corporate treasuries hold over $820 million in SOL.
  • Analysts caution the advance could fade if liquidity tightens or if Bitcoin weakens, noting alt rallies without clear BTC strength often reverse.